Explore Business Standard
Motorcycles
The GST reforms will ensure that iconic motorcycle brands Yezdi and Jawa "shine like nobody else" in their comeback trail after fading away from the market in the mid-90s due to a policy change, according to co-founders of Classic Legends, which owns the two marques. The bikes of the two brands will cost less than Rs 2 lakh once the new rate of the revised goods and services tax (GST) structure of 18 per cent, down from 28 per cent on two-wheelers up to 350 cc, kicks in as the company will pass on the full benefits to customers, Classic Legends MD & Co-Founder Anupam Thareja and Co-Founder Boman Irani told PTI in a joint interview. At present, different models of the two brands are priced between Rs 1.72 lakh and Rs 2.35 lakh. On the other hand, the increase to a 40 per cent special rate on motorcycles above 350 cc from 31 per cent, including cess, will hurt the company's other motorcycle brand BSA but they appreciated the government's move to "affect positively the pockets of the
The Indian two-wheeler industry is witnessing a ride towards the premium segment, like other consumer sectors in the country, with the market share of premium motorcycles increasing to 19 per cent last fiscal and expected to touch 22 per cent by 2030, according to Crisil Intelligence. The market share of premium motorcycles -- engine capacity greater than 150 cc -- increased to 19 per cent last fiscal from 14 per cent in fiscal 2019, with their volume rising to 23 lakh units from 19 lakh units, it said in a statement. On the other hand, the market share of economy motorcycles declined to 46 per cent last fiscal from 62 per cent in fiscal 2019, with volume shrinking to 56 lakh units from 84 lakh units, largely due to weak rural demand and an increase in prices, it added. Interestingly, premium motorcycle sales surpassed the pre-Covid level by 22 per cent last fiscal, while sales of overall two-wheelers stood at 94 per cent of the pre-pandemic level and total motorcycles at 90 per ..
Mid-size motorcycle maker Royal Enfield on Tuesday reported a 34 per cent jump in total sales at 1,01,021 units in March, as compared to 75,551 units in the same month last year. Domestic sales were at 88,050 units last month, as against 66,044 units in March 2024, up 33 per cent, Royal Enfield said in a statement. Exports grew by 36 per cent at 12,971 units, as compared to 9,507 units in the year-ago month. In the fiscal 2024-25, the company said it posted its highest-ever annual sales crossing the 10 lakh units mark. The company's total sales in FY25 was at 10,09,900 units, as against 9,12,732 units in FY24, up 11 per cent, it said. Domestic sales in FY25 was at 9,02,757 units, as against 8,34,795 units in FY24, a growth of 8 per cent. Exports grew by 37 per cent at 1,07,143 units in FY25, from 77,937 units in FY24, the company said. "This year has been nothing short of extraordinary for Royal Enfield. Crossing the 1 million annual sales milestone, our highest ever, is a testa
The country's largest two-wheeler maker Hero MotoCorp expects double-digit revenue growth next fiscal riding on the back of continued investments on new products and segments, according to Chief Financial Officer Vivek Anand. The company, which reported a revenue of Rs 10,260 crore for the December quarter, also anticipates a double-digit revenue growth in the current fiscal. "This year, the guidance we have given is for double-digit revenue growth. Looking at our first nine months performance and looking at how this quarter (fourth) has started, we believe that there will be a repeat next year, a double-digit revenue growth," Anand said in an analyst call. The company's consolidated revenue from operations for FY24 stood at Rs 37,789 crore as compared with Rs 34,158 crore in FY23. On the business outlook, he noted that the company would continue its investments behind new products and segments. "We remain consistent in our commitment towards investing behind the premium and EV ..